Geithner vows tough action on China currency
9lR6:}L 7 "5
~ { Tim Geithner, President Barack Obama's choice for Treasury secretary, yesterday accused China of “manipulating” its currency and pledged “aggressive” diplomatic action to drive Beijing into action.
gT$WG$^i qK#"uU8B The comment – a politically loaded term likely to raise tensions with Beijing – marked the Obama administration's first public intervention in what will be one of its most critical international economic relationships.
!-470J )V[j~uOU)] The US has long felt that China has artificially depressed the value of its currency to boost exports – to the detriment of US business – but the Bush administration always stopped short of formally declaring China a currency manipulator.
] ?D$n iv6G9e{cx In a written response to questions from senators, Mr Geithner, whose nomination was supported yesterday by a clear majority of the Senate's finance committee, said: “President Obama – backed by the conclusions of a broad range of economists – believes that China is manipulating its currency.” Mr Obama would “use aggressively all the diplomatic avenues open to him to seek change in China's currency practices”, he said.
xW5亚洲国产精品va在线观看麻豆
